India’s oil demand growth has slowed to a trickle on the back of sluggish sale of transport fuels, as consumers defer vehicle purchases until clarity on new taxes and policies emerges when a new government is in place after the federal elections. Receive daily email alerts, subscriber notes & personalize your experience. Register Now While April oil demand numbers showed oil demand growth of below 1% year on year, analysts are of the view that demand from May onwards would be relatively stronger than the previous month because of a rise in demand for commercial transportation for election-related travel. “India’s total product demand in the near term is likely to get a boost from the coming elections, but there are headwinds ahead, such as slowing economy, weak vehicle sales and higher fuel prices,” said Lim Jit Yang, advisor for oil markets at S&P Global Platts Analytics. India’s […]